ROCKFORD - Rockford Public
Schools stand to get some new revenue after the District 205 school board voted
to approve the sale of
RPS has approved
the sale, but the charter school now has 120 days to inspect the building to
see if it's worth it for them to go through with the purchase. The agreement between CICS Patriot Charter
and RPS allows the charter school to go back on its offer.
"CICS can do their due diligence to look at the engineering, the electrical, the structure and look at building out the facility to make sure it meets their needs," said Todd Schmidt, Chief Operating Officer for District 205 schools.
"If it does meet their needs then they will give us a check for $290,000 for the building."
The school district stands to make money anyway. There's a down payment on the building of $29,000 due five days from Tuesday night's board meeting. If Patriot Charter does go through with it they'll have 20 days after the 120 day contingency period to pay the rest of the money for the building.